XML 24 R18.htm IDEA: XBRL DOCUMENT v3.24.0.1
Accounts Payable and Accrued Expenses
 9 Months Ended
Dec. 31, 2023
Payables and Accruals [Abstract]  
Accounts Payable and Accrued Expenses

11. Accounts payable and accrued expenses

 

 

 

 

 

 

As of
December 31,
2023

 

 

As of
March 31,
2023

 

Accounts payable

 

 

 

 

 

24,313,674

 

 

 

2,008,731

 

Accrued expenses

 

 

 

 

 

5,240,132

 

 

 

3,575,445

 

Amounts due to employees

 

 

 

 

 

1,029,049

 

 

 

656,890

 

 

 

 

 

 

 

30,582,855

 

 

 

6,241,066

 

 

1)
As the accounting acquirer, Roadzen (DE) is deemed to have assumed certain accounts payables obtained in connection with the Business Combination amounting to $17,630,434 due to transaction costs in consummating the Business Combination.
2)
Amount due to employees consists of reimbursements and salaries payable. The total includes related parties balance of $91,879 and $45,162 as of December 31, 2023 and as of March 31, 2023, respectively.